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Superannuation

Mine unions pressure funds over Rio

ELIZABETH MCARTHUR  |  FRIDAY, 11 FEB 2022
Mining unions are applying pressure to super funds over alleged bullying and harassment at Rio Tinto revealed in a recent report.

Retirement Income Covenant, CCIV reforms pass

KARREN VERGARA  |  FRIDAY, 11 FEB 2022
Two long-awaited reforms, the Retirement Income Covenant and Corporate Collective Investment Vehicle regime, passed parliament yesterday.

Hostplus hits members with new fee

ELIZABETH MCARTHUR  |  THURSDAY, 10 FEB 2022
Hostplus introduced a new trustee fee, after receiving Supreme Court approval to apply the fee to create emergency reserves.

AMIST criticised for SPC investment

ELIZABETH MCARTHUR  |  THURSDAY, 10 FEB 2022
Australian Meat Industry Superannuation Trust (AMIST) is being criticised for a recent investment in fruit packing giant SPC, due to the other party involved in the capital raise.

Inflation hitting retiree budgets: ASFA

CHLOE WALKER  |  THURSDAY, 10 FEB 2022
Australian retirees' budgets are under threat by the rise of everyday living expenses, according to findings from the Association of Superannuation Funds of Australia (ASFA).

Super baby bonus proposed

JAMIE WILLIAMSON  |  TUESDAY, 8 FEB 2022
The Association of Superannuation Funds of Australia (ASFA) is proposing a $5000 superannuation baby bonus be introduced, as the industry also calls for the government to prioritise the removal of the $450 threshold as parliamentary sitting resumes.

LGIA upgrades anti-money laundering tech

ELIZABETH MCARTHUR  |  TUESDAY, 8 FEB 2022
Newly merged super fund, the $24 billion LGIAsuper, has selected a technology partner to provide anti-money laundering services.

Super funds failing on animal protection

KARREN VERGARA  |  TUESDAY, 8 FEB 2022
Most superannuation funds overlook the importance of preventing animal cruelty, a global welfare organisation finds.

AIST, MetLife tackle underinsurance issue

KARREN VERGARA  |  TUESDAY, 8 FEB 2022
MetLife and the Australian Institute of Superannuation Trustees have joined forces to raise awareness about the importance of group insurance in a bid to tackle the underinsurance problem.

Vanguard move a win for SSGA, BlackRock

JAMIE WILLIAMSON  |  FRIDAY, 4 FEB 2022
Vanguard's decision to hand back institutional mandates has been good news for State Street Global Advisors, BlackRock and several other managers, analysis shows.